Wheels Up reports Q4 EPS (14c) vs. (91c) last year

Reports Q4 revenue $246.4M vs. $408.3M last year. “In our first full quarter since the strategic investment, we have made strong progress on a number of key fronts. Operationally, we continue to drive performance and strengthen our team. Commercially, we are rebuilding our sales pipeline, restoring customer confidence, and are seeing strong momentum in our joint efforts with the Delta sales teams,” said CEO George Mattson. “We made significant progress over the past quarter to improve our business for a sustainable future,” said Todd Smith, CFO. “We are continuing to optimize our cost structure and fleet to focus on profitability. With improving liquidity in Q4 and our partnership with Delta, we believe we are well positioned to continue to invest in our business for the long term.”